Mathematics, 25.11.2020 16:10 Dmgirl123

Paddy and Anna each invest $2000 for 5 years. Paddy earns simple interest at a rate of 1.25% per year.
Anna earns compound interest at a rate of r% per year.
At the end of 5 years, Paddy's investment is worth the same as Anna's investment.
Calculate the value of r.

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Paddy and Anna each invest $2000 for 5 years. Paddy earns simple interest at a rate of 1.25% per ye...